Veronica Company sells one product. Presented below is information for January for Veronica Company.

Jan. 1 Inventory 115 units at $5 each

Jan 4. Sale 91 units at $8 each

Jan. 11. Purchase 156 units at $7 each

Jan 13. Sale 128 units at $9 each

Jan 20. Purchase 155 units at $7 each

Jan 27. Sale 95 units at $10 each

Veronica uses the FIFO cost flow assumption. All purchases and sales are on account.

Assume Veronica uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 112 units. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts).

Date	Account Titles and Explanation	Debit	Credit
select date	fill in
	fill in
select date	fill in
	fill in
select date	fill in
	fill in
select date	fill in
	fill in
select date	fill in
	fill in
select date	fill in
	fill in
	fill in
	fill in

*Please clearly explain and show your work. Please complete entire journal entry. Thank you